To begin with cut pistachios into halves. Bring a microwave safe bowl and add milk powder, ghee and condensed milk in it.
Whisk nicely to avoid lump formation. In a grinder, add cardamom seeds without skin and grind to a fine powder. Mix in nutmeg powder, cardamom powder and saffron in the mixture. Place the bowl in the microwave and heat at high for one minute. Take out the bowl and stir again.
Heat again for 30 seconds. The mixture should be of thick consistency. If it is still thin in consistency then again heat for 30 seconds. Keep the bowl aside allowing the mixture to cool down a little. Grease your hands with some oil or ghee.
Prepare equal sized balls out of the mixture. Press them a little to give the exact shape of pedas. Place halved pistachios in center. Align them on a plate and serve immediately or store in an air tight container and refrigerate for a while.